Post Reply
1-20 of 27
A reset today for an uptrend.
Choo Chiang: Poised to rise?
Singapore&rsquo s construction industry is booming.
In the past 3 years, Soilbuild Construction Group Ltd. (V5Q SOIL SP) is up +135% p.a. Over the same period, Choo Chiang Holdings Ltd. (42E CCHL SP) increased only +10% p.a. What happened?
The short answer: timing difference.
Soilbuild earns from construction services and precast/prefab components that are needed throughout the construction project lifecycle.
Choo Chiang sells electrical products and accessories that are typically installed in the later stages, such as interior fit-out. So its demand tends to lag the construction boom.
I shortlisted Choo Chiang. At today&rsquo s valuation, I believe the market has not fully recognised 3 things:
1. Its growth potential as projects move into later stages
2. The probability of higher capital returns to shareholders
3. The value hidden in its investment properties
I walk through these in detail and discuss what factors I will focus on next here: [Shortlist] Choo Chiang Holdings Ltd. (42E CCHL SP)
Choo Chiang receives approval-in-principle from SGX to transfer listing to Mainboard
Choo Chiang Holdings has received approval-in-principle from SGX to move its listing to the mainboard from the Catalist. The company first announced plans to move the listing on March 19. It will next call for an EGM at a date to be determined for shareholders to give their go ahead.
The company was listed back in July 2015.
" The board is of the view that a listing on the Mainboard would be in line with the group&rsquo s long-term strategy and a listing on the Mainboard would enhance the long-term value for shareholders of the company," reads the company' s announcement on March 19.
Choo Chiang, headed by executive chairman Thomas Lim and executive director Rocky Lim, distributes electrical products and accessories.
In the last four financial years, Choo Chiang' s earnings ranged from $9.02 million in its FY2022 to $11.8 million in FY2024 before easing to $9.52 million in the most recent FY2025.
The company says it has maintained " healthy" gross margins as well, an indication of its resilient core distribution business, plus recurring rental income.
" Given the company&rsquo s market position, stage of development and financial stability, the directors are of the view that the proposed listing transfer is timely and appropriate," the company said on March 19.
Choo Chiang Holdings shares closed at 44 cents on March 30, valuing it at some $90 million.
PROPOSED TRANSFER FROM THE CATALIST BOARD TO THE MAINBOARD OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (&ldquo SGX-ST&rdquo ) &ndash RECEIPT OF APPROVAL IN-PRINCIPLE FROM THE SGX-ST
https://links.sgx.com/1.0.0/corporate-announcements/9B7DCJD4W0D8J3DF/880993_CCH%20-%20Receipt%20of%20AIP%20for%20SGX%20Mainboard%20Transfer.pdf
Choo Chiang applies to move listing from Catalist to Mainboard
Choo Chiang Holdings, quoted on the Catalist since July 2015, plans to transfer its listing to the Mainboard. It has on March 18 made an application to the exchange to do so.
" The board is of the view that a listing on the Mainboard would be in line with the group&rsquo s long- term strategy and a listing on the Mainboard would enhance the long-term value for shareholders of the company," reads the company' s announcement on March 19.
Choo Chiang, headed by executive chairman Thomas Lim and executive director Rocky Lim, is a leading local distributor and retailer of electrical products and accessories. It operates a network of retail outlets and an in-house logistics capability.
In the last four financial years, Choo Chiang' s earnings ranged from $9.02 million in its FY2022 to $11.8 million in FY2024 before easing to $9.52 million in the most recent FY2025.
The company says it has maintained " healthy" gross margins as well, an indication of its resilient core distribution business, plus recurring rental income.
" Given the company&rsquo s market position, stage of development and financial stability, the directors are of the view that the proposed listing transfer is timely and appropriate," the company says.
Choo Chiang says that a mainboard listing will raise its public profile and make it more visible to a more diverse investor base, and thereby improve liquidity, broaden the shareholder base and potentially enhance valuation over the medium to long term.
https://links.sgx.com/1.0.0/corporate-announcements/CPFIC05R9QBMK03F/878769_Choo%20Chiang%20-%20Proposed%20Transfer%20of%20Listing%20from%20Catalist%20to%20Mainboard.pdf
Take a look at soon Lian, aluminium related. same thing aluminium prices shoot up.
chinton86 ( Date: 27-Jan-2026 07:33) Posted:
|
With copper shooting, high dividend yield paying semi-annually, this may be the cheapest stock in terms of valution in the market right now.
Seems to be a delay in announcing their HY results. Will there be a surprise?
44.5 cents had been well absorb, believe it should break 50cents and higher soon. It' s in the down line of the construction cycle. So it' s turn is coming soon
Seems like privatization is on the table...
Waiting to break through 40cents. With EPS of 5 cents and annual dividend of 2.6c, there should be room to grow both earnings and dividends.
37.5cents. Slow and steady wins the race.
Low volume.No impacts. Year end windows declaration.
chinton86 ( Date: 27-Dec-2023 14:42) Posted:
|
wow...new 52 weeks high
Full year result out = Huat arh!
This counter trading at a 52 weeks high quietly,
The counter had not move meaningfully from it' s thight range. Bur shareholders should be happy to invest in this counter throughout the years since it was listed.
This counter is getting interesting.
Choo Chiang rides the construction boom
Local retailer and distributor of electrical products Choo Chiang Holdings 42E 0.00% is poised to be a beneficiary of the construction recovery and a buoyant resale property market, according to Lim & Tan Securities analyst Chan En Jie in his March 22 report.
This is apparent in the group&rsquo s latest FY2022 ended Dec 31, 2022, results, which saw revenue growing by 10.3% y-o-y to $87.6 million, while profits gained 5.3% y-o-y to $9.0 million. Total dividend were at 2.2 cents, higher than 2.0 cents a year ago, representing a favourable 6.6% dividend yield based on the current share price.
Chan views the group&rsquo s ex-cash P/E of 5.2 times and FY2022 return on equity (ROE) of 15.7% as attractive. He has also kept his &lsquo buy&rsquo call and 48 cents target price on the counter.
In Chan&rsquo s opinion, the outlook for Choo Chiang remains positive for the year ahead, driven by strong demand from customers and project sales. Despite raw material price pressures and an inflationary environment, margins have also remained stable.
The group is also shielded from interest-rate hikes as it does not have any interest-bearing debt. A portion of its $23.3 million cash pile is invested in fixed deposits which can provide additional interest income in FY2023.
&ldquo A potential divestment of its non-core investment properties can also be reinvested into the higher-yielding distribution business and act as a share price catalyst,&rdquo says Chan.